In my case, I just purchased my first out-of-state property and plan to operate it as a STR. 

Thanks all, only clarification is I’m making money in Summer, and apologies for miscommunication - I meant on average (annually) I’m losing 5-10k so realistically will lose $75k on it first 12 months operating (but created about $800k of equity).

One for security deposit and one for operating/rental.

Currently I’m operating it as a STR, but I need a new cleaner and the quotes I’m getting are in some cases double my nightly rate, and the amount it grosses is only slightly more than what it will do as a LTR.

The best wholesalers operate ethically and understand the business.

If I am looking at a operating STR, I know where to make changes and opportunities.

If you are going to invest, make sure you know the operator well and that they are reliable.

Any feedback/suggestions are always helpful, and I think you could find it beneficial for your operations as well.

Standard PM software just doesnt have the sales features to keep up with operations and tools like Follow Up Boss are not geared towards PM's to do thier actual job.Would love to hear yalls thoughts.

What MAY make sense is to setup a Master LLC that operates like a PMC and collects all your rents, pays all your property-related expenses, etc.